🫶 As a parent, if you can help your child, wouldn't you? Isn't that one of the purposes of life as a parent?
Not only a handOUT, though, a handUP perhaps?
🏠➡️💵 According to a recent Griffith University study, Australians are set to inherit/wealth transfer over $3.5 Trillion (not a typo) over the next 20 years. That is a lot to think about.
There are a few ways a parent may be able to help their child into the market sooner than proving via inheritance, including:
👉 Cash Gift (deposit, not to be repaid)
👉 Security Guarantee (putting up a property, nil cash)
👉 Cash Loan (deposit, to be repaid)
👉 Co-Borrower (less frequent, good structure)
It's important for everybody to understand the risks of each, so please seek independent legal / financial advice. We can refer you to good people here.
Truly Finance's mortgage broker advice, financial services and property strategies are generally complimentary. We do this for the best interests of our clients and we strive to be the best mortgage brokers!
James Brett. Principal. Awarded Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal. Legend Mortgage Broker ☎️ 0449 659 029
Andrew O'Brien. Superstar Mortgage & Finance Broker ☎️ 0451 308 292
#handup #guarantorloan #gift #trulyfinance #finance #mortgages #homeloans #bestbroker #mortgagebroker
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